A quick look at yesterday: in yesterday's bearish session, the largest employer-sponsored child care provider shed around 4.44% in quick fashion, found support around the $71.93 level and finally closed at $72. In contrast, the day's events followed Monday's session in which the stock closed at $75.37.

Core Durable Goods Orders data from United States will be released today at 12:30 UTC with analysts expecting a decline to -0.2%. Potentially significant price fluctuations in Bright Horizons Family Solutions are expected to follow.

Data from United States concerning Consumer Confidence was released yesterday at 14:00 UTC. Newly published figures emphasized continued decline from last month's figure of 104 to 101.3 this month.

Amid the market gloom, United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000. United States Building Permits released yesterday at 12:10 UTC with a figure of 1.43 million, while the previous figure was 1.55 million.

Bright Horizons Family Solutions Inc. made an initial break below its 200 day Simple Moving Average at $72.87, a possible indication of a forthcoming negative trend. Despite this, Bright Horizons Family Solutions could begin to recover as it approaches significant support, now $1.03 away from $71. Dipping below could be an indication that further losses are ahead. Bright Horizons Family Solutions's lower Bollinger Band® is at $72.73, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Bright Horizons Family Solutions.

Bright Horizons Family Solutions was not the only decliner in the consumer discretionary sector; Alibaba went down 4.57%, closed at $86.89. Amazon went down to $102.57, losing 3.43% after it closed at $106.21 yesterday. Walt Disney closed at $98 (down 1.68%).

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Core Durable Goods Orders projected to decline to -0.2% while previous data was -0.1%; data will be released today at 12:30 UTC. Tomorrow at 14:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 0.5% from the preceding figure of 0.8%.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1.49 million. It previously stood at -4.58 million; data will be released today at 14:30 UTC.

Bright Horizons Family Solutions has shed $55.13 points and is languishing 42.25% lower over the past year, leaving its yearly highs around $127.15 in the rear-view mirror.